EUR/JPY is currently entering a bearish phase, trading around a critical transition zone between 171.00 and 169.787. This area marks a key inflection point, and a clear break below could confirm the shift in momentum to the downside. If the bearish momentum continues to build, the pair could potentially decline further, targeting the support levels around 158.253 to 156.843.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.